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to restore confidence in the u.s. economy. stocks are at their highest point since president obama took office. still, many americans are asking themselves if they're better off now than they were four years ago. investors are looking at their financial statements as a guide. but as erika miller explains, that doesn't necessarily mean americans are feeling better about their economic situation. >> reporter: four years ago, the financial crisis was getting worse and the global economy falling off a cliff. so it's no wonder many americans are feeling better about their financial situation now versus four years ago. >> i'm better off right now than i was four years ago by a long shot. >> i feel more comfortable, because i'm older, i have more of a vision of what i want for my future. >> reporter: but others say they're worse off, especially those living paycheck to paycheck or out of work. >> three years ago, i had a job. i've been disemployed for a year now. >> reporter: and plenty of other americans aren't exactly sure where they stand. >> i don't know if i have a lot to base it on; i'm
captioning sponsored by macneil/lehrer productions >> woodruff: president obama today condemned the attack on the u.s. consulate in libya that killed four americans, including the ambassador. good evening. i'm judy woodruff. >> ifill: and i'm gwen ifill. on the newshour tonight: we get the latest on the deadly assault, believed to have been planned in advance and sparked by an anti-muslim internet video. >> woodruff: plus, we examine the move by governor romney to criticize the president's handling of the libya tinderbox. was it justified or not? we hear from both sides. >> ifill: then, jeffrey brown looks at how the latest iphone upgrade is accelerating competition in the smartphone industry. >> woodruff: are chemicals sprayed in oregon's forests dangerous or not? we have a report from our partners at the center for investigative reporting. >> they're spraying with helicopters all these ridged tops, so everything they're spraying up top eventually gets down to all of these residents. >> forced application of herbicides is done in accordance with all state laws. and we believe i
. >> tom: about 70% of hispanic voters favor president obama in the upcoming election according to the latest gallup poll. but experts say getting them to cast votes could be tricky. many hispanic businesses say they're disappointed by obama's handling of the economy, healthcare and immigration. diane eastabrook has more. >> reporter: alfonso silva's biscuits and cookies have been making mouths water in chicago's pilsen neighborhood for three decades. but in recent years he's seen a drop off in customers. >> sometimes it's okay, but sometimes it's very bad because of the economy. >> reporter: boarded up storefronts throughout pilsen reflect the toll the sour economy has taken on hispanic businesses in chicago and across the nation. unemployment is part of the problem. in august the jobless rate among hispanics was 10.2%. almost 2% points higher than the overall rate. >> because of the level of unemployment people are not spending as they were in previous years and that certainly is going to hurt a business that deals directly with consumers. >> reporter: deportation is another p
have to build that into our model and say that's not going to change. so if obama gets elected they stay in. if romeny gets elected which he won't then he can't necessarily change it so let's just build that those tax cuts are gonna expire at the end of the year period. the one thing that i can tell you that is very troublesome to me as i look at prices, as i look across as i look at hog prices priced for next summer, i look at cattle prices, i look at grain prices and that is that why is it that we ignore the food and energy component of cpi? so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the word ethanol has turned into a pejorative and it's not exactly the most positive topic. i
expressed some concern the current fed has been too cozy with the treasury and the obama administration. but that concern may fade after the election. >> i think you'd see a move away from that, so that's easy to say now, before someone has the reins of power. if... when they actually get the reins of power, they might actually prefer to have a more cozy relationship. >> reporter: the three men most often mentioned as likely romney fed picks are columbia business school dean glenn hubbard, harvard economist greg mankiw, and stanford economist john taylor. >> among those, i think mankiw would be the most activist and taylor would be the least activist. mankiw would perhaps be the most likely to consider q.e. right now; taylor would be opposed. >> reporter: taylor has criticized bernanke for the fed's aggressive bond buying and is considered an inflation hawk. while hawks may be popular during an election, actually picking one for fed chairman may not sit well with a new president concerned about boosting growth. for his part, hubbard has given few signals about monetary policy, though he
are 90% president obama will hold on to the white house. whereas historically if the market is down between now and election day, the odds are in favor of romney and the republicans taking over. >> it seems like the campaign is watching the s&p 500 as much as the market. >> and what about the volatility twb now and 2013. fi. there's anything certain about the fiscal klich is nothing will be done between now and election day. but historically, there will be some kind of a compromise that lessens the risk of the fiscal cliff. nonetheless, the next four months are critical, the most critical of the bull market. technical strength in leadership and bellwethers. it's all solid, and the technical strength is in place, but cracks are in the foundation in leading economics. >> last week, all of the declines coming in expectations. if that level is off between now and year end, fine, the market will stabilize and perhaps continue higher. if this is the start of a decline in consumer confidence and it continues falling later this month and in october, it's going to be very difficult for the f
mounting pressure from president obama and democrats to release more financial and tax information. this time, he and his wife ann released last year's returns and a summary of their tax history over the past 20 years. >> reporter: mitt romney's been pretty busy on the campaign trail, maybe that's why he got an extension on his taxes returns,which he filed today. >> i will not apologize for mitt and ann romney's 14% tax rate from last year could have been lower. they only claimed about half of their charitable donations, but the romneys earn most of their money from investments, so they paid a lower rate than other wealthy americans. according to the tax policy center, the richest tax payers- those with incomes over $2.4 million paid an average effective tax rate of 21.5% last year. the release comes after months of political pressure for romney to open up about his finances and closes a collossally bad week for the campaign. monday, liberal magazine "mother jones" posted this video of the candidate telling donors nearly half of americans don't pay taxes. >> reporter: the comments
Search Results 0 to 6 of about 7